25
Map
$589,000
●
Condo -
Off Market
40 N Interstate 35 #11D3
Austin, TX 78701
2 Beds
2 Baths
1,533 Ft²
$3,915
Est. Monthly
$1,022
HOA / Fees
4.60%
Cap Rate
About This Property
Welcome to city sophistication at Unit 11D3, a premier 2-bed,
2-bath unit nestled in the heart of Austin's vibrant cityscape.
This corner unit is a haven in The Towers at Townlake, offering a
seamless blend of luxury and comfort with its exquisite wood
flooring that elegantly flows through the open living space.
Indulge in culinary delights in the large kitchen, showcasing sleek
granite countertops and an inviting breakfast bar-perfect for
entertaining or a quiet morning coffee. The highlight of this space
is the unobstructed, breathtaking views of Lady Bird Lake,
providing a serene backdrop. Residents enjoy unparalleled
amenities, including a 24/7 concierge service, controlled gated
access for peace of mind, and a plethora of recreational facilities
such as indoor and outdoor pools, a rejuvenating hot tub, and a
handball court. Step outside to the iconic Lady Bird Hiking Trail
for a tranquil escape or immerse yourself in the city's energy with
Rainey Street & Downtown hot spots, and IH 35 just minutes away.
This unit is a unique gem tailored for buyers seeking the ultimate
Austin lifestyle. Welcome home to luxury living with a view.
Unit Size
1,533 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$384
Property Type
Condo
Property Taxes
-
HOA Dues
$1,022
Year Built
1983
Payment Calculator
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Unlock MLS #ACT7357321)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by Keller Williams - Lake Travis | $589,000 | |
| Listed by Keller Williams - Lake Travis | |||
Property Highlights
Garage
Parking Available
Elevator
Air Conditioning
Fireplace
With View
Parking Details
Parking Features: Assigned, See Remarks
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Granite Counters, In-Law Floorplan, Recessed Lighting, Walk-In Closet(s), High Speed Internet, Two Primary Baths, Primary Bedroom on Main
Appliances: Dishwasher, Disposal, Electric Cooktop, Microwave, Oven, Free-Standing Range, Self Cleaning Oven, Electric Water Heater, Built-In Oven(s)
Flooring Type: Tile, Wood
Fireplace Features: None
Exterior Details
Square Footage: 1533
Square Footage Source: $0
Green Sustainability
Security Features: Secured Garage/Parking, Security Guard
Property Condition: Resale, Good
Year Built Source: Public Records
Year Built: 1983
Waterfront Features: Lake Front
Waterbody Name: Lady Bird Lake
Levels: One
Other Structures: None
Window Features: Window Treatments
Construction Materials: Stucco
Patio and Porch Features: Patio
Pool Features: None
Lot Features: Wooded, Sprinkler - Automatic
Lot Size Area: 1219.68
Lot Size Units: Square Feet
Lot Size Acres: 0.028
Lot Size Square Feet: 1219.68
Water Source: Public
Financial Details
Tax Map Number: 11D3
Tax Assessed Value: $619,791
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Insurance, Maintenance Structure, Landscaping, Parking
HOA/Condo/Coop Amenities: Concierge, Game Room, Spa/Hot Tub, Sauna, Trail(s)
HOA Fee: $1,022
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/19/2025
|
2 Bed
|
2 Bath
|
1533 ft²
|
$539,900
2 Bed
2 Bath
1533 ft²
|
-
-
|
Lee McClintick
Joseph Walter Realty, LLC
| |
|
07/03/2025
|
2 Bed
|
2 Bath
|
1533 ft²
|
$550,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Julie Hutchison
eXp Realty, LLC
| |
|
05/01/2025
|
4 Bed
|
3 Bath
|
2651 ft²
|
$975,000
4 Bed
3 Bath
2651 ft²
|
$925,000
-5.13%
05/01/2025
|
Ferree Rhodes
Compass RE Texas, LLC
| |
|
01/08/2025
|
2 Bed
|
2 Bath
|
2651 ft²
|
$1,099,000
2 Bed
2 Bath
2651 ft²
|
-
-
|
Derek Smith
Teifke Real Estate
| |
|
12/12/2024
|
2 Bed
|
2 Bath
|
1360 ft²
|
$575,000
2 Bed
2 Bath
1360 ft²
|
$575,000
12/12/2024
|
Kimberly Treadaway
Keller Williams Realty
| |
|
10/18/2024
|
2 Bed
|
2 Bath
|
1533 ft²
|
$589,000
2 Bed
2 Bath
1533 ft²
|
$589,000
10/18/2024
|
Gregg Klar
Keller Williams - Lake Travis
| |
|
05/23/2024
|
4 Bed
|
3 Bath
|
2651 ft²
|
$1,400,000
4 Bed
3 Bath
2651 ft²
|
-
-
|
Ferree Rhodes
Compass RE Texas, LLC
| |
|
03/05/2024
|
2 Bed
|
3 Bath
|
2651 ft²
|
$1,300,000
2 Bed
3 Bath
2651 ft²
|
-
-
|
Derek Smith
Teifke Real Estate
| |
|
01/26/2024
|
2 Bed
|
2 Bath
|
1533 ft²
|
$446,900
2 Bed
2 Bath
1533 ft²
|
-
-
|
Nouzha Swimelar
NS Properties, LLC
| |
|
10/06/2023
|
2 Bed
|
2 Bath
|
1533 ft²
|
$615,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Doug Harrison
Urbanspace
| |
|
08/05/2023
|
2 Bed
|
2 Bath
|
1459 ft²
|
$549,900
2 Bed
2 Bath
1459 ft²
|
-
-
|
Jeff Kress
Pure Realty
| |
|
11/02/2020
|
2 Bed
|
2 Bath
|
1743 ft²
|
$520,000
2 Bed
2 Bath
1743 ft²
|
-
-
|
Holly Mace Massingill
Keller Williams - Austin SW
| |
|
05/05/2020
|
2 Bed
|
2 Bath
|
1533 ft²
|
$565,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Monty Maulding
Keller Williams - Austin SW
| |
|
04/16/2019
|
2 Bed
|
2 Bath
|
1533 ft²
|
$535,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Monty Maulding
Keller Williams - Austin SW
| |
|
10/15/2018
|
2 Bed
|
2 Bath
|
1533 ft²
|
$579,000
2 Bed
2 Bath
1533 ft²
|
-
-
|
Monty Maulding
Keller Williams - Austin SW
| |
|
10/11/2018
|
2 Bed
|
2 Bath
|
1234 ft²
|
$475,000
2 Bed
2 Bath
1234 ft²
|
-
-
|
Michael Harrell
Rhapsody Realty Services, LLC
| |
|
09/21/2018
|
2 Bed
|
2 Bath
|
1288 ft²
|
-
2 Bed
2 Bath
1288 ft²
|
-
-
|
Lisa Little
Keller Williams - Austin SW
|
Building Info
40 North Interstate 35
40 North Interstate 35, Austin, TX 78701
- 3 Units for Sale
About Downtown Austin
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Listed by: Bryan Swan
Listed Office: Keller Williams - Lake Travis - Listing courtesy of Unlock MLS
Phone: (512) 263-9090
Last Updated: 2025-01-23 04:47:47
Data Source: Unlock MLS, MLS# ACT7357321
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams - Lake Travis - Listing courtesy of Unlock MLS
Phone: (512) 263-9090
Last Updated: 2025-01-23 04:47:47
Data Source: Unlock MLS, MLS# ACT7357321
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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